Uranium

XU3O8 Price

About Uranium (XU3O8)

Uranium is a real-world asset protocol that enables fractional ownership and 24/7 trading of physical uranium ore concentrate through blockchain technology.

• The project provides transparent evidence of beneficial ownership for physically allocated uranium stored in regulated depositories.
• Users can acquire and trade uranium with no minimum purchase requirements, removing traditional barriers to entry in commodity markets.
• The platform leverages a smart contract ledger to manage storage, administration, and proof of reserves for its underlying physical assets.

What Is Uranium

Uranium enables investors to own and trade physical uranium ore concentrate (U3O8), commonly known as "yellowcake," which is an essential component for nuclear fuel production. By tokenizing this commodity, the protocol allows for the digital representation of a physical asset that was previously difficult for individual investors to access.

Value moves through the system based on the underlying physical uranium held in custody. Investors can purchase fractional shares, represented by the XU3O8 token, using USDC. The token is put to work as a direct legal claim on the physical assets, which can be held for long-term exposure, traded on secondary markets, or utilized as collateral in decentralized finance (DeFi) protocols.

As the ecosystem grows, the protocol aims to scale by integrating with broader commodity markets under the Metals.io brand, expanding its model to other tokenized metals and industrial materials.

What Makes Uranium Unique

• Regulated Custody: Physical assets are held by Archax Ltd as trustee and stored at Cameco, one of the few globally recognized uranium conversion and storage providers.
• Fractional Access: The protocol removes the high minimum purchase requirements and restricted trading hours typical of traditional uranium markets, allowing for small-scale participation.
• Proof of Reserves: The project maintains high transparency by updating its proof of reserves with monthly statements from the regulated storage facility.

What Can You Use Uranium for?

Uranium (XU3O8) is a commodity-backed token pegged to the value of physical uranium ore concentrate (U3O8).

1. Value retention: The asset allows users to maintain exposure to the uranium market through a digital, on-chain representation, providing a way to hold a commodity-backed asset that may reduce exposure to traditional crypto-market volatility.
2. Yield generation: While the project does not offer native yield from sovereign debt, holders can explore yield-generating opportunities such as providing liquidity on decentralized exchanges or accessing on-chain loans through protocols like Oku.
3. Cross-border settlement / value transfer: It enables the frictionless global transfer of uranium value, allowing for 24/7 trading and settlement across jurisdictions without the constraints of traditional commodity market hours.
4. Collateralization: The token can be used as backing for borrowing and lending protocols, allowing users to unlock liquidity from their uranium holdings without needing to liquidate the physical asset.

How Does Uranium Work?

The protocol operates using a smart contract ledger on the Etherlink network, which is a Tezos Layer 2 scaling solution. This ledger administers the fractional ownership of physical uranium by mapping digital tokens to specific, physically allocated quantities of U3O8 in a regulated warehouse.

When a user acquires XU3O8, the ownership is recorded on the blockchain, ensuring a transparent and immutable record of beneficial interest. As an application utility token, the system manages storage and administration fees of up to 1.1% per annum. These protocol service fees are handled through a mechanism where a small fraction of XU3O8 ownership is minted to a treasury wallet, similar to equity dilution in traditional finance.

Team Info and Investors

Uranium was developed through a collaboration between several key industry players, including Archax, a regulated digital asset exchange and custodian, and Curzon Uranium, a specialist in uranium trading. The project is also supported by the Tezos ecosystem. Physical storage and conversion services are provided by Cameco, ensuring that the underlying assets are managed by established industry leaders. The project's promotional materials are approved by Archax Ltd, which is regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

Where can you buy Uranium?

XU3O8 tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Uranium is Gate, where the most active trading pair XU3O8/USDT has a trading volume of $54,634.93 in the last 24 hours. Other popular options include KuCoin and MEXC.

What is the daily trading volume of Uranium (XU3O8)?

The trading volume of Uranium (XU3O8) is $509,615.65 in the last 24 hours, representing a 5.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Uranium (XU3O8)?

Uranium (XU3O8) reached an all-time high of $6.96 and an all-time low of $4.43. It’s now trading -19.90% below that peak and 25.80% above its lowest price.

What is the market cap of Uranium (XU3O8)?

Market capitalization of Uranium (XU3O8) is $8,920,816 and is ranked #1370 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of XU3O8 tokens (1.6 Million tokens are tradable on the market today).

What is the fully diluted valuation of Uranium (XU3O8)?

The fully diluted valuation (FDV) of Uranium (XU3O8) is $8,920,816. This is a statistical representation of the maximum market cap, assuming the maximum number of 1.6 Million XU3O8 tokens are in circulation today. Depending on how the emission schedule of XU3O8 tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Uranium compare against its peers?

With a price decline of -0.40% in the last 7 days, Uranium (XU3O8) is underperforming the global cryptocurrency market which is up 3.80%, while underperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are up 11.00%.